Tag: oil
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World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results
Aug 26 : Global stocks edged up and weaker oil prices pushed bond yields lower on Wednesday on hopes that the vital Strait of Hormuz could soon reopen, while investors awaited U.S. inflation data and another pivotal earnings report from AI heavyweight Nvidia.Iran and Oman said they had discussed “a joint temp
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Japan to diversify crude supplies, back pipelines that bypass Hormuz
TOKYO, Aug 26 : Japan unveiled a comprehensive plan on Wednesday to strengthen the resilience of its energy supply, including support for pipeline projects that bypass the Strait of Hormuz, the gateway to almost all of its imported crude before the Iran war.The plan was outlined at a meeting of the government
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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz
Aug 26 : Oil prices fell more than $2 a barrel to a two-week low on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell $2.25, or 2.54 per cent, to $86.33…
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Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz
TOKYO, Aug 26 : Oil prices dropped about 2 per cent on Wednesday, adding to the previous session’s losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.Brent crude futures fell $1.78, or 2.0 per cent, to $86.80 a b
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US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz
TOKYO, Aug 26 : U.S. oil prices fell in early trade on Wednesday, extending the previous session’s losses, on hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.U.S. West Texas Intermediate crude futures fell $1.37, or 1.7 per ce
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Grain exports stall as Ukraine steps up attacks on Russia
Ukrainian drone strikes on Russian infrastructure on the Black Sea are disrupting grain and oil exports from the port of Novorossiysk and other key hubs.
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Stocks rise and oil slips as traders eye Iran threat, Nvidia results
HONG KONG: Stocks rose and oil dipped on Tuesday (Aug 25) as investors assessed a US plan for the “economic asphyxiation” of Iran, while tech firms struggled following another down day on Wall Street and ahead of earnings from chip titan Nvidia.With the war against Tehran in its sixth month, Treasury Secretar
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Los Angeles’ oil legacy
Oil made Los Angeles rich. Today aging and abandoned wells are raising fears over pollution, health risks and a costly cleanup. Also: Mallorca’s hydrogen test.
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Oil prices steady as investors weigh impact of expanded US sanctions against Iran
Aug 25 : Oil prices steadied on Tuesday, after falling more than 2 per cent in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against Iran.Brent crude futures were down 9 cents, or 0.1 per cent, at $92.16 by 0104 GMT, while U.S. West Texas Intermediate crude was up
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Oil slips ahead of US announcement of new sanctions on Iran
NEW YORK, Aug 24 : Oil prices fell more than $2 a barrel on Monday as investors took profits after recent gains and awaited details of expected new U.S. sanctions on Iran, which could further disrupt supplies from the Middle East.Brent crude futures were down $1.71, or 1.81 per cent, to $92.69 at 12:48 p.m.…
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